UK Inflation Rate, £100 in 1768 to 2017

According to the Office for National Statistics composite price index, prices in 2017 are
15,943.28% higher than
average prices throughout 1768.
The pound experienced an average inflation rate of 2.06% per year during this period, meaning the real value of a dollar decreased.

In other words, £100 in 1768 is equivalent in purchasing power to about £16,043.28 in 2017, a difference of £15,943.28 over 249 years.

The 1768 inflation rate was -1.47%. The inflation rate in 2017 was 3.58%.
The 2017 inflation rate is higher compared to the average inflation rate of 2.14% per year between 2017 and 2019.

£100 in 1768 has the same "purchasing power" or "buying power" as £16,043.28 in 2017.

To get the total inflation rate for the 249 years between 1768 and 2017, we use the following formula:

CPI in 2017 - CPI in 1768CPI in 1768

×

100

=

Cumulative inflation rate (249 years)

Plugging in the values to this equation, we get:

1074.9 - 6.76.7

×

100

=

15,943%

Data Source & Citation

Raw data for these calculations comes from
the composite price index published by the UK Office for National Statistics (ONS). A composite index is created by combining price data from several different published sources, both official and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for 2017, which is based on The Bank of England's forecast.

You may use the following MLA citation for this page:
“1768 pounds in 2017 | UK Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 24 May. 2019, https://www.officialdata.org/1768-GBP-in-2017.